Bitcoin

Read

Russia’s crypto mining equipment supplier Intelion is reportedly considering an investment of over $130 million to develop AI data centers.
Moscow-headquartered crypto <a href="https://crypto.news/tag/mining/" target="_blank" rel="noopener noreferrer nofollow">mining</a> supplier Intelion is planning to spend up to 12 billion Russian rubles (over $130 million) on purchasing server equipment to build artificial intelligence (<a href="https://crypto.news/tag/ai/" target="_blank" rel="noopener noreferrer nofollow">AI</a>) data centers, Russian media RBC <a href="http://www.rbc.ru/crypto/news/6662d0789a794747b6ecb2ff?data=h798scryptoe89newsj0ew" target="_blank" rel="noopener noreferrer nofollow">reports</a>, citing Intelion Cloud head Maxim Vyaznikov.
As per the report, Intelion, which also operates a branch in Dubai, already possesses servers equipped with Nvidia’s A100 chips, despite a 2022 U.S. Department of Commerce <a href="https://fortune.com/2022/09/01/nvidia-amd-chip-sales-ai-china-russia-military/" target="_blank" rel="noopener noreferrer nofollow">ban</a> on the sale of these chips to China and Russia.
Intelion’s new computing infrastructure will be based at a data center currently under construction in the Samara region, with the first phase of this data center expected to become operational in Q4 2024. The company plans to invest over 4 billion Russian rubles (approximately $44.7 million) in the facility over the next two and a half years.
You might also like: <a href="https://crypto.news/russias-tatarstan-eyes-building-100m-bitcoin-mining-center/" rel="noopener noreferrer nofollow"> Russia’s Tatarstan eyes building $100m Bitcoin mining center </a>
Previously focused on importing mining rigs, Intelion appears to be shifting its strategy towards providing AI-related cloud services, leveraging its existing resources as other Russian companies also explore the expanding AI industry.
In early 2024, crypto.news <a href="https://crypto.news/sanctioned-bitcoin-mining-firm-bitriver-to-launch-largest-data-center-for-ai-in-russia/" target="_blank" rel="noopener noreferrer nofollow">reported</a> that BitRiver, a Bitcoin mining company subject to OFAC sanctions, is also set to launch an AI-focused data center in Russia in the second half of 2024. According to Sergey Bezdelov, director of the Association of Industrial Mining, this data center is expected to have a capacity of 100 megawatts.
Read more: <a href="https://crypto.news/russias-top-metal-producers-reportedly-turn-to-tether-for-trades-with-china/" rel="noopener noreferrer nofollow"> Russia’s top metal producers reportedly turn to Tether for trades with China </a>

Russian Bitcoin mining supplier to spend over $130m on AI data centers: report

crypto.news

Other articles published on Jun 12, 2024

Ethereum ETFs: ProShares Latest to Seek SEC Approval

MoonBag Crypto Offers 88% APY For Stakeholders While Theta And Kangamoon Falter

Ethereum’s Price Surge Faces Resistance at $3,660: Will Bulls Prevail?

Bitcoin Short-term Investment Hits New Highs with ETF Popularity

Ethena (ENA) whale dumps 19 mln tokens, What it means?

zkSync Airdrop Faces Backlash Over Lack of Sybil Defenses

Join our free newsletter for daily crypto updates!